Admiral Petroleum Gas
New
For Sale
$1,537,807
631 S State St, Big Rapids, MI 49307
Available individually or as part of a multi-property acquisition.
Property Size1,664 SF
Price / SF$924.16
Days on Market2
Property Features for 631 S State St
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Auto Service - Gas-Conv
Lease Type
NNN
Additional Details
Cap Rate
6.5%
Amenities
Long Term Lease | Current Term Runs Through May 2036
Four, Five Year Renewal Options | Built-In Annual Rent Increases
Can be Purchased as an Individual Property or as Part of a Portfolio
Building Details
Building Size
1,664 SF
Listed By:
Timothy Nichols · License #License(s): IL: 475.159619
(630) 570-2183
Source:
Marcusmillichap
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Timothy Nichols
Investment Insights
Based on property information with market context.
The gas station at 631 S State St in Big Rapids is included in an Admiral Petroleum portfolio of 30 properties. The portfolio comprises 29 Michigan locations and one Indiana location, with properties available for individual acquisition or as part of a larger package.
Key Highlights
- Part of a 30‑property Admiral Petroleum portfolio
- Portfolio includes 29 Michigan properties and one Indiana property
- Available individually or within a larger package
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Home Improvements & Furnishings 22%
Dining 4%
Dollar Tree
Shops & Services
6,936 visits/mo
0.4 miles
Family Dollar
Shops & Services
4,791 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
4,471 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
1,670 visits/mo
0.5 miles
Kilwin's
Dining
874 visits/mo
0.5 miles
Demographics for 49307, MI
16,914
Population
7,997
Households
2.1
Avg Household Size
31
Median Age
31%
College-Educated
94%
High-School Grad
134.5 sq mi
ZIP Area
126
Density / Sq Mi
$54,803
Median Household Income
$24,736
Median Earnings
$877
Median Rent
$179,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Gas station - Available individually or as part of a multi-property acquisition.
Where is this gas station located?
The property is located at 631 S State St Big Rapids, MI.
What is the asking price?
The asking price for this property is $1,537,807.
What are key features of this property?
This property features: Part of a 30‑property Admiral Petroleum portfolio; Portfolio includes 29 Michigan properties and one Indiana property; Available individually or within a larger package
